Ames company bankruptcy hurts ISU Research Park
BPC Staff Sep 22, 2016 | 3:40 pm
<1 min read time
91 wordsAll Latest News, Innovation and EntrepreneurshipThe bankruptcy filing of Etrema Products has left the Iowa State University Research Park facing a loss of nearly half a million dollars in unpaid rent, reports The Des Moines Register. The research park, a nonprofit entity connected to the university, is owed roughly $480,000 in uncollected rent. Research Park Director Steve Carter said the park considered evicting Etrema but gave the company, a 20-year tenant, more time as it sought to find new markets for its products. He said the company made “irregular” payments of its $17,000 monthly rent.
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